T-Mobile US (NASDAQ:TMUS) had its price target upped by Deutsche Bank to $72.00 in a research note issued to investors on Monday. Deutsche Bank currently has a buy rating on the Wireless communications provider’s stock.
Several other research analysts have also commented on the company. Societe Generale started coverage on T-Mobile US in a research report on Tuesday, October 24th. They set a buy rating and a $71.00 price target for the company. BTIG Research raised their price target on T-Mobile US from $74.00 to $84.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Cowen restated a buy rating and set a $70.00 price target on shares of T-Mobile US in a research report on Tuesday, October 17th. Jefferies Group restated a buy rating and set a $80.00 price target on shares of T-Mobile US in a research report on Thursday, September 7th. Finally, Royal Bank of Canada restated a buy rating and set a $76.00 price target on shares of T-Mobile US in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $69.70.
Shares of T-Mobile US (NASDAQ TMUS) opened at $62.56 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $53,104.27, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 1.19 and a beta of 0.29. T-Mobile US has a one year low of $54.60 and a one year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. equities analysts expect that T-Mobile US will post 2.41 EPS for the current year.
T-Mobile US announced that its board has authorized a share buyback plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
In other T-Mobile US news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the sale, the chief financial officer now directly owns 163,688 shares in the company, valued at $10,307,433.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of T-Mobile US by 2.6% during the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock worth $939,664,000 after purchasing an additional 389,328 shares in the last quarter. BlackRock Inc. increased its position in shares of T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after purchasing an additional 1,502,636 shares in the last quarter. Paulson & CO. Inc. increased its position in shares of T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares in the last quarter. Carmignac Gestion increased its position in shares of T-Mobile US by 32.1% during the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after purchasing an additional 1,419,024 shares in the last quarter. Finally, State Street Corp increased its position in shares of T-Mobile US by 5.4% during the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after purchasing an additional 289,120 shares in the last quarter. Institutional investors and hedge funds own 34.96% of the company’s stock.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.